Americas Polyhydroxyalkanoate (PHA) Market

Polyhydroxyalkanoate (PHA) is biodegradable linear polyesters which are produced by the chemical reaction of bacterial fermentation on lipids or sugar naturally. PHAs can be combined with a wide array of monomers which results in the formation of different types of materials exhibiting a variety of properties.

Rising demand of biodegradable materials, positive attitude of governments towards green procurement policies, and rising oil prices are attracting companies to invest in PHA (Polyhydroxyalkanoate) market. PHA can be produced using various renewable raw materials. Currently, majority of PHA is produced using plant sugar, which can be easily obtained from sugarcane, corn sugar, and sugar beet, making it an ideal raw material for PHA. Considerable amount of PHA is also produced using plant or vegetable oils such as soybean oil, palm oil, and corn oil. Waste lipids and milk whey are the other raw materials at experimental stage and can be commercialized soon.

Americas Polyhydroxyalkanoate (PHA) market was valued at $21.6 million in the year 2013 growing at 26.5% annually and is projected to reach $70.0 million by the end of the year 2018.

Americas Polyhydroxyalkanoate (PHA) constitutes 45.4% of Global Polyhydroxyalkanoate (PHA) market and are poised to grow its market share to 46.7% by the end of year 2018.

U.S. recorded the largest revenue in 2013 with $14.7 million and it is estimated to reach $47.9 million by 2018 with a CAGR of 26.7% for the period under consideration in the Americas Polyhydroxyalkanoate (PHA) market. Food & Beverage Packaging recorded the largest revenue in 2013 with $6.6 million and it is estimated to reach $21.6 million by 2018 with a CAGR of 26.7% for the period under consideration.

Governments’ policy of purchasing sustainable and environment-friendly products (green products) is the major factor driving the market for biodegradable and sustainable PHA plastics. For example, in Mexico, in August 2009, all the non-biodegradable plastic bags were officially banned. The drivers for PHA market include positive attitude of the government towards green procurement policies, vast availability of cost effective and renewable raw materials, biodegradability of PHA, increasing concern for human health and safety, and the rising oil prices.

The key countries covered in Americas Polyhydroxyalkanoate (PHA) Market are the U.S., Canada, Chile, Argentina and Mexico. The various applications include Packaging, Food & Beverage Packaging, Biomaterials and Agriculture Support. Further, as a part of qualitative analysis, the Americas Polyhydroxyalkanoate (PHA) Market research report provides a comprehensive review of the important drivers, restraints, opportunities, and burning issues in the Polyhydroxyalkanoate (PHA) market.

The Americas Polyhydroxyalkanoate (PHA) Market report also provides an extensive competitive landscape of the companies operating in this market. It also includes the company profiles of and competitive strategies adopted by various market players, including Meredian Inc., Metabolix, Inc, Newlight Technologies LLC (U.S.), Tianjin GreenBio Materials Co., Biomer and PHB INDUSTRIAL.

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